Gasoline prices averaged USD 1.93 per gallon in November, up 2.8% from October. On 28 November, the commodity traded at USD 1.82 per gallon, down 4.2% from 31 October.
The decline was due to a drop in prices for gasoline’s main ingredient, crude; OPEC+ hiked output quotas for the eighth month running in November. Moreover, U.S. gasoline demand was down year on year in the three months to September, the latest available month with data.
This chart displays Gasoline (US$/gal) from 2023 to 2025.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | - | - | 2.20 | 2.37 | 2.57 | 2.26 | 2.00 | 2.10 | 2.11 | 2.09 | - |